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An exceptional year for Bitcoin: 365 days above $10,000 An exceptional year for Bitcoin: 365 days above $10,000

Bitcoin’s exchange rate has been hovering above $10,000 for over a year now.

Investors who are still waiting to buy and want to buy BTC below this amount should start allowing themselves the idea that the opportunity for cheap purchases may not happen again.

Bitcoin is heading towards $100,000

Many popular investors believe that there is still an upward trend despite the recent declines. Among others, this is confirmed by Willy Woo | Bitcoin is boiling with bullish signals. Additionally, Fidelity has submitted plans to the SEC to create an ETF on BTC, and if this goes through, billions of dollars will flow into Bitcoin

.

Also, PlanB (@100trillionUSD

) is increasingly hinting that something significant could happen soon. In one of his messages today, he suggested skipping the dollar and converting BTC directly to gold:

“Let’s get USD, M2 and QE out of the equation!

bitcoin = 26 ounces of gold … and rising”.

Time for Bitcoin!

As if that wasn’t enough, a few hours later he posted another message accompanied by a picture of a rocket taking off

:

“#bitcoin It is time”.

The bullish attitude is shown by trader and analyst Michael van de Poppe (@CryptoMichNL), whose account is watched by nearly 407,000 people and was included in the list of Top 50 cryptocurrency traders to follow on Twitter

. A few days ago, he shared his predictions for the current bull market:

“Peak high predictions for this bull cycle:

Bitcoin to $275,000-350,000

Ethereum to $7,500-12,500

Polkadot to $100-150

Chainlink to $100-150

Cardano is $3-5

Zilliqa is $0.80-1.20

Ripple to $0.50-0.60″

It’s also worth mentioning the low stock market reserves, which are the lowest in more than three years.

See also  Market turns red: Bitcoin regresses, altcoins suffer!

Watch out for

the golden cross

Another thing that ignites hopes for further gains is today’s sighting of a golden cross, which happened for the first time this year. This usually signals a further bull market, but there are also times when this indicator is followed by declines of a few tens of percent. For more information on this signal, see the article from September

Wednesday last year: There was a rising signal that historically took BTC up 165% in 60 days | Bullish dance at $10,000

.

At the time of writing, BTC costs $48,292.

From the Editor

This article neither in whole nor in part constitutes a “recommendation” within the meaning of the Act of 29 July 2005 on trading in financial instruments or Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014. on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulations (Ue) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive. The content contained on the website does not meet the requirements for recommendations within the meaning of the aforementioned Act, inter alia, it does not contain a specific valuation of any financial instrument, is not based on any valuation method, and does not specify investment risk.

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